Scandium Canada Ltd. (TSX-V: SCD) announced the grant of 2,100,000 incentive stock options to its full team of directors, officers and key personnel under the Share Option Plan approved by shareholders at the April 21, 2026 Annual General and Special Meeting. The move is designed to align the interests of the Company's board, management and key personnel with those of shareholders, signaling confidence in the company's future prospects.
At a meeting held on April 24, 2026, the Board of Directors approved the grant of an aggregate of 2,100,000 incentive stock options (the "Options") pursuant to the Company's Share Option Plan. The Options are exercisable at a price of $0.22 per common share for a period of five years from the date of grant. Notably, the exercise price matches the price of the Company's recently completed $17.25 million oversubscribed public offering closed on March 17, 2026, and represents a meaningful premium to the Company's current trading price.
The Options were granted to key individuals including Chairman of the Board Jeffrey Swinoga (750,000 Options), independent directors Robert Kitchen, Jean Lafleur, and Cindy Valence (150,000 each), and management and key personnel. Among management, Chief Executive Officer Guy Bourassa, President and Chief Operating Officer Pierre Neatby, Chief Scientific Officer Luc Duchesne, Chief Financial Officer Steve Nadeau, Chief Technology Officer Jean-François Magnan, and Director of Communications and Marketing Arnaud Bourassa Francoeur each received 150,000 Options.
The Options vest over a one-year period: 25% vest three months from the date of grant, 25% vest six months from the date of grant, 25% vest nine months from the date of grant, and the remaining 25% vest twelve months from the date of grant. The grant remains subject to the approval of the TSX Venture Exchange.
This grant underscores the company's commitment to retaining key talent and incentivizing performance as it advances its Crater Lake mining project and Al-Sc alloy development division. Scandium Canada aims to become a market leader in scandium, a critical material for lightweight, high-performance aluminum-scandium alloys used in aerospace, defense, and clean energy sectors. The Options grant follows a $17.25 million oversubscribed public offering, indicating strong investor interest in the company's strategy.
Guy Bourassa, CEO, stated that the options align leadership with shareholder value creation. The company's forward-looking statements caution that actual results may differ materially due to risks detailed in its filings on SEDAR+. Scandium Canada continues to focus on bringing the world's leading primary scandium source into production, supporting the growing demand for lighter, greener materials.
